According to BlockBeats, on January 8, the listed holding company Sol Strategies (stock code: CYFRF, HODL.CN) announced on Monday an investment of CAD 25 million into the Solana ecosystem through an unsecured credit facility.
This initiative is the latest step for the Toronto-based company, after rebranding as Sol Strategies, in its effort to become one of the largest stakers and participants in the Solana ecosystem.
Previously, the company was named Cypherpunk Holdings, with a broader investment scope covering the cryptocurrency industry. In July of this year, Cypherpunk Holdings appointed Leah Wald as CEO, shifting its business focus to the Solana ecosystem.
The company has sold several investments, the most notable of which is its stake in Animoca Brands, which was previously the company's second-largest holding, after Bitcoin. Currently, Sol Strategies is directly investing in SOL tokens and Solana validator nodes.
As of December 31, 2024, Sol Strategies has staked over 1.5 million SOL tokens (worth approximately CAD 450 million) through its validator business, including over 140,000 SOL tokens owned by the company.
